UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
British Prime Minister Keir Starmer delivers a speech at London Tech Week on government plans to use technology to boost growth, in London, Britain, June 8, 2026. REUTERS/Isabel Infantes/Pool
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LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.
The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech Week earlier on Monday for specialist AI chip purchases, part of a wider effort to strengthen the country’s sovereign computing capability.
Below are the key details of Britain’s commitment, set out by the government:
• A £750 million national AI supercomputer will deploy in 2030, using a mixed chip system combining proven and next-generation processors.
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• £400 million of the supercomputer budget will go towards next-generation chips, including £150 million for inference chips to be purchased this summer from British firms.
• A fund led by U.S. venture capital firm Playground Global and backed by up to £150 million from the British Business Bank will invest in UK AI hardware companies.
• The BBB’s commitment marks the largest single fund investment the bank has ever made.
• Playground Global will open its first office outside the U.S. in the UK.
• A £120 million AI hardware innovation programme will fund British companies to design, develop and test novel chips.
• £45 million in new skills support brings total government AI hardware sector skills funding to £80 million.($1 = 0.7488 pounds)
Source: Reuters
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